Mutual of America Capital Management LLC Trims Holdings in TKO Group Holdings, Inc. (NYSE:TKO)

Mutual of America Capital Management LLC lessened its stake in TKO Group Holdings, Inc. (NYSE:TKO) by 5.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,726 shares of the company’s stock after selling 1,968 shares during the period. Mutual of America Capital Management LLC’s holdings in TKO Group were worth $3,642,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TKO. MFA Wealth Advisors LLC bought a new stake in shares of TKO Group in the 2nd quarter worth about $36,000. GAMMA Investing LLC raised its stake in TKO Group by 388.6% during the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after buying an additional 408 shares in the last quarter. Scarborough Advisors LLC bought a new position in TKO Group during the 4th quarter worth approximately $79,000. Sunbelt Securities Inc. grew its position in shares of TKO Group by 1,384.4% in the 1st quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock worth $99,000 after acquiring an additional 1,066 shares in the last quarter. Finally, TFO Wealth Partners LLC bought a new stake in shares of TKO Group in the 4th quarter valued at approximately $124,000. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Trading Down 2.1 %

Shares of TKO stock opened at $121.94 on Monday. The firm has a market capitalization of $20.77 billion, a PE ratio of -120.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. TKO Group Holdings, Inc. has a 1 year low of $72.33 and a 1 year high of $125.49. The stock has a fifty day moving average of $114.08 and a two-hundred day moving average of $104.32.

TKO Group (NYSE:TKO) last announced its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The company had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. During the same quarter in the prior year, the company earned $0.91 EPS. The business’s quarterly revenue was up 178.9% on a year-over-year basis. As a group, research analysts expect that TKO Group Holdings, Inc. will post 4.17 EPS for the current year.

Insider Buying and Selling

In other news, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares in the company, valued at $23,218,499.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Nick Khan sold 22,693 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the transaction, the insider now owns 42,156 shares in the company, valued at $4,837,822.56. The disclosure for this sale can be found here. 53.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TKO. The Goldman Sachs Group restated a “buy” rating and set a $132.00 price objective on shares of TKO Group in a research note on Thursday, September 12th. UBS Group raised their price target on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. TD Cowen lifted their price target on shares of TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a report on Monday, August 12th. Morgan Stanley increased their price objective on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their target price on TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.13.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.